RJS Electrical (New Forest) Limited - Accounts to registrar (filleted) - small 23.2.5

RJS Electrical (New Forest) Limited - Accounts to registrar (filleted) - small 23.2.5

RJS ELECTRICAL (NEW FOREST) LIMITED - Company Information

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REGISTERED NUMBER: 09142898 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

RJS ELECTRICAL (NEW FOREST) LIMITED
David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX








RJS ELECTRICAL (NEW FOREST) LIMITED (REGISTERED NUMBER: 09142898)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RJS ELECTRICAL (NEW FOREST) LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: Mrs P M Stephens
Mrs R J Swager





SECRETARY:





REGISTERED OFFICE: 36a Station Road
New Milton
Hampshire
BH25 6JX





REGISTERED NUMBER: 09142898 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX
Page 1
RJS ELECTRICAL (NEW FOREST) LIMITED (REGISTERED NUMBER: 09142898)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,180 9,133
7,180 9,133

CURRENT ASSETS
Stocks 1,631 9,336
Debtors 6 46,990 27,239
Cash at bank 396,406 364,651
445,027 401,226
CREDITORS
Amounts falling due within one year 7 64,320 75,151
NET CURRENT ASSETS 380,707 326,075
TOTAL ASSETS LESS CURRENT
LIABILITIES
387,887
335,208

PROVISIONS FOR LIABILITIES 1,042 1,397
NET ASSETS 386,845 333,811

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 386,745 333,711
SHAREHOLDERS' FUNDS 386,845 333,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
RJS ELECTRICAL (NEW FOREST) LIMITED (REGISTERED NUMBER: 09142898)

BALANCE SHEET - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by:





Mrs R J Swager - Director


The notes form part of these financial statements

Page 3
RJS ELECTRICAL (NEW FOREST) LIMITED (REGISTERED NUMBER: 09142898)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

RJS Electrical (New Forest) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortized cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortized cost, being the transaction price less any amounts settled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4 continued...
RJS ELECTRICAL (NEW FOREST) LIMITED (REGISTERED NUMBER: 09142898)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Revenue grants are recognized on an accrual's basis over the periods in which the company recognizes the related costs.

Employment benefits
The costs of short-term employee benefits are recognized as a liability and an expense, unless those costs are required to be recognized as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognized in the period in which the employee's services are received.

Termination benefits are recognized immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognized when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 20,000
AMORTISATION
At 1 October 2022
and 30 September 2023 20,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

Page 5 continued...
RJS ELECTRICAL (NEW FOREST) LIMITED (REGISTERED NUMBER: 09142898)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 60,419
Additions 1,015
At 30 September 2023 61,434
DEPRECIATION
At 1 October 2022 51,286
Charge for year 2,968
At 30 September 2023 54,254
NET BOOK VALUE
At 30 September 2023 7,180
At 30 September 2022 9,133

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 36,931 24,191
Other debtors 10,059 3,048
46,990 27,239

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,700 14,163
Taxation and social security 44,497 46,787
Other creditors 7,123 14,201
64,320 75,151

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 were paid to the directors .

During the period, the company was supported by a loan from a director. The balance was £2,256 (2022 - £5352) at the balance sheet date. No interest is charged and there are no formal repayment terms.A further director was in receipt of a loan from the company the balance of which was £6326 (2022 - £-3,248). Interest is charged on the loan at 7.75% pa with repayment to be made in April 2024.

9. ULTIMATE CONTROLLING PARTY

The company is under control of the directors who are the shareholders.

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